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Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.

kooltilldend
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Postby kooltilldend » Mon, 08 Jul 2013 4:29 pm

Wd40 wrote:Well, I dont know what field you are in and considering that you have done an MSc from NTU and if you hadn't had an opportunity to jump to a good and safe company in the last 2 years, I would say, Singapore is not the place for you.

If it is India, then be it. Go there and build your career and then look outside for better opportunities.

I am in IT field and I knew right from the time I stepped in Singapore some 4 years ago, that Singapore is not the place to build a career in IT and I knew that if I have to leave my current company it wont be easy to find a company as good as this. I am still in the same company for 4 years and my company is moving IT jobs to India and now I have to find another job, but since its a big MNC they are not so cut throat and letting me stay here as long as the budget is there, which is likely till end of the year.

I am looking for a job for the last 6 months and its not been easy, I am still looking.

Good luck to you mate!


I have work experience not just in SG but also in USA and Thailand - and with some top mnc's too...perhaps I'm wrong but for me, its the market that's been in turmoil last few years (mostly the political climate) and this has been a prime reason why finding a job has been so hard - its not so much my background or previous experiences (but I could be wrong ofcourse)

My last job was in the travel industry whereas my background is in MIS - a tricky field to get jobs in SG atm I know (much like yourself although not so technical on my part)

Also for me going to India actually isn't very different from going abroad...I've lived majority of my life in Thailand and only ever worked and studied abroad (my family still lives in Thailand) so for me going to India might actually be a bigger challenge than living here (but if it happens then so be it)

Also I don't disagree with your point about mnc's being more secure for an expat than startups - you are absolutely right esp. in SG. But spend one hour on LinkedIn (as an example) and search for the number of jobs in SG and then search for the number of jobs in India posted daily...it speaks for itself really

When I came to SG in 2010, companies like Barclays posted jobs here daily...now they haven't got one vacancy listed on LinkedIn (and about 100 for India)

Quite sad if you ask me

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Wd40
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Postby Wd40 » Mon, 08 Jul 2013 4:46 pm

Yeah, the reason is simple. When Barclays started building the development center here 1GBP = 4SGD and now 1GBP = 2SGD.

Singapore is no longer a low cost destination. Most of the jobs done here are actually ofshore jobs with clients in EU and US. So why should they be done here, when they can be done at 1/2 the cost in India and most jobs are done here by Indians anyways, so might as well send those Indians to India, with their jobs, is the logic.

Barclays also has big development center in Kiev in Ukraine and some other European banks have centres in Poland. These eastern European cities are similar in cost to India. Singapore is doomed.

kooltilldend
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Postby kooltilldend » Mon, 08 Jul 2013 4:51 pm

Wd40 wrote:Yeah, the reason is simple. When Barclays started building the development center here 1GBP = 4SGD and now 1GBP = 2SGD.

Singapore is no longer a low cost destination. Most of the jobs done here are actually ofshore jobs with clients in EU and US. So why should they be done here, when they can be done at 1/2 the cost in India and most jobs are done here by Indians anyways, so might as well send those Indians to India, with their jobs, is the logic.

Barclays also has big development center in Kiev in Ukraine and some other banks have in Poland. The eastern European cities are similar in cost to India. Singapore is doomed.


And its hard to argue with that logic as the regulations here are only aiding such a (relatively) drastic measure...I can only imagine the impact this will have (probably in a few years) on Sinapore

What's worse is sadly this measure is (or will soon be) prevalent with other mnc's outside banking as well - I know Amazon for one is already lowering its presence here (not that it had much to begin with anyways)


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